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say the slow down in nonfarm payrolls will reflect the effect of sandy. joining us this hour is bank of america merrill lynch global research senior research economist michelle mire and we'll talk through everything that's been happening through jobs and what to expect. but first, there is a developing story. an earthquake off the northeast coast of japan triggered a tsunami warning. the warning has been lifted, but it was a 7.3 quake. so far no reports of any injuries or damage. it was for the same area devastated by an earthquake and tsunami back in march of last year. we will continue to bring you any developments. in the meantime, steve has some of the morning's top other stories. >> let's start with the markets. asian stocks rallying to 2012 highs overnight. the nikkei edging lower after hitting a se hitting hitting a seven month closing high yesterday. european trading, shares seem to be fwllat. bundesbank announced it had cut its growth outlook for the country. in the u.s., the nasdaq snapped its losing streak yesterday with its first gain in five days. the dow was on pace for
what we know. $60,000 for a sandy relief after billy baldwin has a message for shameless scalpers and sarah turning 33 today. ♪ ♪ ♪ hi. we're spreading the word about honey bunches of oats fruit blends and the unique taste combination like peach/raspberry. with one flavor in the granola bunch and one on the flake. two flavors. in harmony. honey bunches of oats. make your day bunches better. [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close frien. ♪ the lexus december to remember sales event is on, offer
at the hospitals affected in hurricane sandy, and i feel like i need to do the ground work to investigate that for myself. gerri: you're doing work, but not all the people you work with in washington are. some are just taking time off before the holidays when this big issue is on the plate. nancy pelosi had to say about this. >> we should be here and came as a surprise, and i'm really surprised that the republicans would leave. we maim in tuesday, and we left wednesday at twelve o'clock noon. with all that needs to be done, avoiding the conversation, sounds like people don't want to be in town for some reason. gerri: does she have a right -- are the republicans trying to avoid the conversation? >> no, absolutely not. we had a hearing this morning in the joint economic committee on this issue, but, you know, it's difficult. it's a one-sided conversation. we have put proposals out in may. there was a proposal or reconciliation bill to stop or reapportion the sequester that's going to happen on january 2nd, in july, passing a bill extending all current tax rates, additional 12 months to allo
at the economic recovery, but how accurate will the numbers be in the wake of hurricane sandy? >>> the nfl commissioner is considering eliminating the kick off ya in football games. would it make the game safer. >> coy wire is a sports analyst. chad sweet is a former cia director of operations. and ken baer is a white housed a virus. todd carmichael is the host of dangerous grounds. howard kurtz will join us. and economic diane swonk rounds things out for us today. "starting point" begins right now. >>> good morning. welcome, everybody. let's begin with developing news this morning. a tsunami threat to tell you about was just lifted in japan. the country was rocked by a powerful 7.3 magnitude earthquake. it hit off the coast of tokyo. the buildings there shaking. you could see some of the video showing the degree to which they were shaking. alex, what's the latest? >> reporter: it has been a very, very tense few hours here in japan after you mentioned a 7.3 magnitude earthquake striking late here in the day on friday. but just in the past 90 minutes or so, the all clear has been given. the
was on an island shooting "survivor." >>> after heading to d.c. to ask for aid for superstorm sandy damage, chris christie explains his change of heart to president obama days after the storm and days before the presidential election. check out what he told jon stewart on "the daily show." >> people have different skill sets at different times. >> i see. so he wasn't a leader until you needed leadership. >> maybe until -- maybe until he was presented with an opportunity to lead. >> all right. >> critics call it a step towards union busting. protests against a proposed new labor law in a state known for organized labor. we are live from michigan next. >>> and call it man versus python. the state of florida needs your help to kill thousands of massive reptiles. why does this sound like it may not end well? they're about 10 times softer and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toot
this in perspective, one former cbo director says the costs of hurricane sandy could easily wipe out most of next year's savings. >> with a trillion dollar deficit right now. so if you cut 94 billion and nothing else changes you barely dented the deficit. the other programs are growing. we'll not see spending decline. in fact we'll likely have a emergency spending bill for sandy that is 60 billion. 94 is gone right there. >> even with a trillion dollars in cuts federal spending is on the way up every year starting with 3.5 trillion this fiscal year. nearly 3.6 trillion in 2014. 4 trillion by 2016 and 5 trillion by 2021. the cbo says even allowing 5 trillion in tax increases to hit the economy the next decade the federal government still spends $2.3 trillion more than it takes in. back to you. melissa: oh, rich edson thanks so much. adam: you think with the physical problems the country faces zooming at us like a 1959 he had sell going at us on a one way treat there would be sense of urgency. president obama has no meetings, no public appearances on the issue planned at least so far today. brad blakema
was a smart man. $60,000 for a ticket to sandy relief concerts that's happening thanks to shameless scalpers. how much money from the victims of the super storm actually see from that concert? it's the most watched video on the internet. he he is set to perform for the president. wait until you hear what he said about our soldiers. with the spark cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purche, everday! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great sinesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. >> welcome back to "fox & friends" on this saturday morning. it is the song that's taken the world by storm. this song, gangnam style song on youtube has been watched over or close to a billion times worldwide. making
in october and retail sales, i think because of sandy it is going to be over. november and december will be great month for the consumer. i do have hope. i don't think we're going to boom. we won't grow 4% we will grow between 2% and 3% real growth next year in 2013. fiscal cliff even with the fiscal cliff. dave: you and i agree with it will take to get the economy growing stronger because we are like-minded with that. you don't like the economic policies the president is proposing. dozen there come a time when those economic policies to stifle the economy and strip it up? >> absolutely. when we look back in history 1970s had big growth in government and when you have big spending like we do today you get weaker growth. france for 40 years has grown numb to% real gdp and 8% unemployment. they think it is normal. the good news is america doesn't think it is normal and you have to keep pounding the table that this isn't normal. it is not good. so do i. the only way to get back up to good growth is to cut the size of the government. i still believe we have eight to ten years even on th
that because of hurricane sandy, job creation might have been a little slower last month, the unemployment rate might have stayed a little bit higher. it turns out that sandy did have an impact, but not on the headline numbers. >> if you look deeper in the report, you do see that over a million workers who normally work full time were reduced to part-time hours during the reference week because of bad weather, and over 300,000 additional workers weren't able to work at all because of bad weather. >> reporter: and because of the way the labor department calculates or figures out and decides -- defines who is working part time, full time or working at all and when, sandy's impact did not show up in the overall numbers. but one thing did. as you mentioned, 350,000 people left the work force, about the same number stayed in, and that is what put downward pressure on the unemployment rate taking it down to 7.7. heather? heather: peter barnes reporting live from the white house, thank you. so what can the federal government do to kick start the economy and get more americans back to work in the new y
. the positive side, again, hurricane sandy appears not to have been the job killer many had feared. the labor department says the havoc wrought by sandy had no substantial impact on the unemployment picture. with us now, jill schlessinger, editor at la w manyre the jobs aart me ,ow m t are seasonal jobs? >> not so many seasonal. we saw some broad based gains and we continue to see some really robust gains in retail, in business services, health care is really continuing to show great improvement. you mentioned manufacturing. mentioned one other area, 20,000 jobs lost in construction. that may be a little bit of sandy related. >> but also, one of the interesting things, you looked at the numbers and said there was 300,000 people that said weather did affect the job surge. why is that not considered sandy related? >> it is weird because there are two different surveys when you look at these jobs numbers. one comes from the businesses. the businesses, they take that survey, november 12th, and the businesses are for the job creation number. the other survey is called a household survey. that's h
. then we pick up that story. >>guest: one team of fema first responders deployed during super storm sandy were told to hurry up and wait. a worker said emergency personnel were rushed to for the dix and their liaison did not know they were coming and the staging area had nothing for them to do for four days. they asked for assignments and they were told to go do walmart or check out non-damaged area. a november 3 e-mail shows an administrator in washington urged the regional team to get his people into the field after he learn they were doing nothing. fema official acknowledges there remain delays in getting responders out in the field but says time was mostly spent overcoming logistics and the responders he dealt with were well prepared but the worker says teams were unprepared and fema wasted a lost precious time and efforts were much better run during katrina describing similar observations many local residents and elected leaders are saying the agency isn't prepared to respond to disasters particularly in urban areas. at the least, the congressman hopes hurricane sandy is a major wake
to help kids affected by superstorm sandy. instead all of new york's kids are eating for free. >> clayton: do you think this 90-year-old statue is offensive? take a look at the screen, offensive. a man basically standing on a woman. some people's rights groups do and they're trying to get rid of it. we'll explain. "fox & friends" begins right now. ♪ >> straighten up your socks, mike. >> pulling up the socks, a long four hours. >> alisyn: and get dressed before the show? >> hoyt hoist them up. mike jerrick is in for dave. >> hi, everybody. >> clayton: and get the heisman trophy winner and dave was so jealous, he didn't get so see john am i manziel. >> and freshman. >> alisyn: a lot from women and-- >> and coming up in half an hour, the six presents you did not want to get for someone. ali is going to give you a cautionary tale. >> alisyn: and what's happening at this hour, overnight u.s. special forces operations, killing seven taliban insurgents during the rescue a kidnapped american, near the afghanistan-pakistan border, the doctor a freeman after being captured by the taliban at a me
there are fundamental lives at stake. when we filed this case, chris and sandy and jeff and paul had been together for ten years. now they have been together for almost 12, over 13 years. chris and sandy's twin boys were just entering high school. when this case is heard, they will be getting ready to graduate from high school. their moms deserve the same freedom to marry just as everyone else has in this country. and in this country we don't deny a certain portion of our citizens a fundamental right. we just don't. it's not american. >> isn't it true that when we had this in the court in the ninth in the appellate level, nobody came forward because nobody could come up with what you call a justification, some compelling reason. just chat on that point. you raised it. there's no compelling reason against giving the rights to people, the right to marriage. >> that's exactly right, chris. it's important to note in both of these cases, the united states government has refused to defend doma, the federal law that's now before this court, and when we filed the case right here in california, as one has
the auto market is for 11 years now and we have been sweet on ford domestically. before sandy. where are we internationally? europe. what are some of the other key area, though? i think latin america, though. i think it's coming back. asia already turned. here's the new piece of data. i think europe could be stablized. ford is the one to watch. you get that thing at 11 or blow. i'm out blessing it. haven't done that in a while. in europe i'm thinking that i'm sanguine. excited about ford. we have ample evidence today that i'm right. affordability is skyrocketing. the rates remained too low. homes down sharply. and pricing is moving up in california, nevada, arizona all things we learned from the luxury home builder toll today. oh, that's fine. they leave out the most important fact that i hadn't heard from anybody, let alone toll brothers before. demographic play, how the company's chairman talked how demographics are going to take over. household formation is unnatural but because of the great recession. now at least it's picking up. there should are several new home buyers out there becau
'm going to tell you, it caught me by surprise. most people thought that hurricane sandy would have some sort of effect on these numbers and the labor department is telling us that sandy did not have an impact on these numbers. they looked across the country and in this region and the surveys were within normal range. they don't think it had an affect here. 12 million people unemployed. 40% of those have been unemployed for six months or longer. that's still a problem, don. to the right of your screen, 14.4% underemployment. some people call that the real unemployment rate. means a lot of people are still hurting or have been left out of the market. clearly you do have an improving situation here, improving but still leaving some people behind. this is what the trend looks like. this is the big drought of jobs, financial crisis here, slow attempt to get out of the hole. we want to see 150,000 jobs created or so every month to keep up with the growth in the population of the united states, working age population. you can see the last three months a little bit of an advance each of those m
the pull back because of hiring being depressed because of hurricane sandy. maybe you'll see some of that in the next month, but this was a strong report on its surface. digging in the numbers. look at the right side on that graphic, 14.4% underemployment. the percentage of people working, eligible in the work force, 63.6%, you want that higher, too. >> we also learned about 350,000 people last month simply gave up and stopped looking for work, and that potentially caused that little drop in the unemployment rate. >> that's right. that's important to note, too, 350,000 gave up working. these could be people that are retiring early, taking early social security and they're getting out of the labor market. it could also be people, wolf, who have been on extended unemployment benefits, they roll off the benefits, try to find work for a couple months, they don't, so they drop out, too. >> are the november numbers part of a trend we've been seeing? what does this portend down the road. >> you have on average 151,000 jobs a month, the monthly average. the last couple months before now w
. despite predictions of stalled job creation in november in superstorm sandy and looming fiscal cliff, the nation added 146,000 jobs last month, and unemployment ticked down to 7.7%. while november's figures are higher than expected, september and october were revised down 16 and 33,000 jobs respectively. chief economists for moody's analytics mark zandi cautions november may see a downward revision but the numbers are a good sign. >> bottom line, feels like the job market is holding firm in the face of sandy and fiscal cliff concerns, so that's good news. >> surprising exactly no one, the white house and republicans had different spin on the numbers. >> if congress does address the problems that it needs to address, concerning the fiscal cliff, if we have reasonable resolution type of programs that the president has been proposing to support the economy in the short run, get us on a sustainable fiscal path in the long run, protect the middle class we're going to see progress in this economy. >> the risk the president wants us to take increasing tax rates will hit many small businesse
of superstorm sandy. the labor department reported that 370-thousand people filed initial jobless claims last week. that's down 25-thousand people compared to the previous week. claims surged in mid- november, after the storm put many workers out of a job temporarily. november's jobs report is due out tomorrow. return to the new fantasyland in the magic kingdom at walt disney world in florida is officially open for business. the expansion includes more disney characters and two new themed areas -- the enchanted forest and storybook circus. the 425-million-dollar expansion is the largest in of the original fantasyland. will be opened through 20- 14. sports as next.. is next (male announcer): now, here's stanley roberts who found people behaving badly. >> you are looking at surveillance video of a bandit that has been hitting a home in livermore repeatedly the resident hopes you can idenitfy this brazen in the middle of the night thief he would steal >> cigarette packs on the front yard some garden tools that were in thr front yard one time he went in the back and a bb gun was stolen sara belie
the sandy charities getting all the money this year? >> unfortunately when disasters happen there is flood of money because of a good heart of americans and it is appropriate that way, but when it happens right have to make choices where your charitable dollars to go there is tension and some charities that lose out that really need help. of course it is no easy choice for a donor. we recommend if at all possible that you don't forget those charities that are there for you all year-round. gerri: up 7.5% for the big charities. that is an amazing number. ken, thanks for coming on. it is charitynavigate tore.org, correct? >> correct. gerri: great website. president obama and his family getting into the christmas spirit at the 90th tree-lighting ceremony at the whites house. it was transplanted to the white house days before the hurricane. look at that. it is cool. it made it through unharmed. obama was saying santa claus is coming to town. this is the tree outside. guess what? there are 54 more of them inside the house. than last year. there is one tree dedicated just to the obama family dog,
there, and economists have thought that hurricane sandy would have an adverse affect, and it hurt some, but there's so much going on that the economy -- >> is it possible we haven't seen the full impact of hurricane sandy, that we still might see some of those jobs lost, and it just hasn't been the numbers have not caught up to it yet to the reality? >> absolutely right. we do have to wait another month to get the full picture of it, but it was interesting that we saw initial claims for unemployment compensation initially spiked up right after sandy, and then they began to go down, and so i suspect next month there will be some effect. >> how strong is this job growth? does this really get us out of the recession conditions for so long? >> interesting question. it has the potential to do that, because think of this. we've had sandy, and we have all of this debate going on over the fiscal cliff, that's driving us all crazy, right? >> yes, it is. >> and what it's also doing is that it has gotten the corporate seblgtor in a position where they're not vin investing. they're waiting to see
to get up. >> you okay, buddy? >> more than a month after superstorm sandy, a family living in a borrowed apartment is trying to put its life back together. >>> plus, back behind bars. john mcafee under arrest and get this. he's blogging from jail. >>> and could an online review of a business get you sued? a new case raises the question, just how far can you go when you sound off online? tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. hurry in and try five succulent entrees, like our tender snow crab pair
of life sometimes you have to adjust after hurricane sandy damaged thousands of homes. victims are copying or some of the volunteers. we're going to show you where. >> heather: plus there it is no ordinary stroll in the park. not at all. it's been 40 years since someone set foot on another world. the last new moon walker sits down with us. >> i was strolling on the moon one day ♪ in the merry, merry month of may ♪ ♪ when much to my surprise ♪ a pair of burning eyes it's a need way to travel. ent e, like ourender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. ♪ but the fire is so delightful ♪ nothing melts away the cold like a hot, delicious bowl of chicken noodle soup from campbell's. ♪ let it snow, let it snow >>> hippity-hop, da-da-definitive. over the hill. hippity-hop. i have to tell you. falcon 109. >> heather: it has been 40 years since that historic scene. the final nasa mission sending a man to walk on the moon. last person to do that. he is the commander of a apo
. stuart: rebound from sandy. >> and holidays the economy is getting stronger branded is going to get stronger and jobs will increase. stuart: you think the economy is getting stronger. what is the evidence for that? >> it hit a plateau and stopped. it can only go up. i do not believe it will down. [talking over each other] stuart: what do you see in the future? 3.5% or 4%? >> a small increase will happen in the future. sandra: based on what? you have obamacare and a potential recession -- stuart: taxes going up. if you think -- >> will force change and until this country needs serious change -- stuart: when you're talking economic growth you are trying to tell me we have grown at 2.5% and that is it and that is why we have got. you are saying we will go to 3.5%? >> i do believe there will be an increase and on the twenty-first we will see an increase whether it has to do with seasonal growth or hurricane sandy we will see an increase which is an improvement. stuart: every time you speak out when the heart. i want to move to the ibm story. it is changing its 401 k organizing, how it p
friday's gdp indicated that it had decelerated to 1.4%. incomes are flat and hurricane sandy shut down the northeast for days and in some cases for weeks. even though we have had positive numbers from companies like home dep depot, the group would be flat lining. yet that hasn't been happening. it is shown by the rth, the market vectovector's retail num. it has been showing very well. that is why tonight we are going off the charts with the help of ed ponzi. my colleague at realmoney.com, we have to learn what the charts are seeing. if you remember, one of the reasons why i went back to ed. he is the guy who nailed it and went against the grain in europe. right before the decision on the european bailout. and according to him, according to a guy who went against the grain then and was right. when you look at the market based on the markets, retail might be the most attractive area to own in this whole market. look, look at this daily chart of the rth. this is it. excellent proxy for the whole group. it does work. you can see from the year earlier in october. november 21st, this is the
this christmas season. >> brian: super storm sandy couldn't wipe out his home but something else did. >> she said to me. are you sure your house is gone. you misplace a pen and pencil but not a house. >> gretchen: how the entire house vanished."fox and friendst now. ♪ ♪ "fox and friends". >> steve: a house is something that is not easy to misplace. if you leave it there, you come back and it is there. >> gretchen: you hope that happens. we'll fill you in on the details. in the meantime what happen in a phone call. a lot can happen, right. you can get in fights and agreements and compromise. hum, i am not so sure that happened in the phone call between speaker of the house john boehner and president of the united states, barack obama. did they come to a conclusion. it is now the president's turn. >> brian: it is a week since the president and speaker talked. i do not know at of this moment who called who. >> steve: we know no details. >> brian: it is good there is no details. i just talked to the president and he's not listening to me . i talked to the speaker and he dug in. that is a good sig
the layoffs of people on able to work because of super storm sandy. we had 140,000 americansaw a drop in te unemployment rate to 7.7%. this is the lowest since december 2008. > a month after his election present obama has a sizable rating and more than a year. the poll finds the president's rating stands at 57 per cent the highest since may last year when navy seals killed outside a leader osama bin live in. applies more americans that the nation is headed in the right direction. 42 percent say the country is on the right track and a majority believe is likely president obama will improve the economy. however americans are divided on what a president he has been. but 37 percent think he's been above or above average or outstanding. 36 percent say below average or four. >> the us supreme court scheduled to meet behind closed doors again today to consider reviewing the legal issues regarding same-sex marriage. that includes a challenge to california's controversial controversy old proposition 8. if the court refuses to review the prop a case same-sex marriage could be legal in california as s
speech also spoke about helping the victims of superstorm sandy. m >>> we are also following developing news overseas. up next, egyptian president mohammed morsi tries to quiet protesters but is he will to back down from his power grab. >>> a major ruling in michigan that has some workers upset and could hurt the auto industry. more on that when we return.  >>> michigan is now one step closer to becoming a right to work state. yesterday, the state house and senate approved bills limiting ups from collecting fees from nonunion workers. the bill has caused quite an uproar with union workers who say union rights are now at risk. ballet between labor and business could hit the auto industry especially hard. the governor says the bill promotes work equality. >>> mohammed morsi said he would not tolerate anyone trying to overthrow what he calls his legitimate government but the protestors say they'll continue. seven people are dead after violent clash this is week. >>> and historic visit by the leader of hamas to gaza tbeen e years. his party has been in control of the gaza strip for five
's not pretty. there is a lot of money wasted. what does that say about the money from superstorm sandy and how will be used? the governors have asked for more money than ever in dealing with the aftermath of the storm or method is the same thing all over again. what governor cuomo is doing is focusing on a big number. $42 billion that he wanted from washington. he really has no idea what the damages and how much it will cost to fix the system -- the signal system in the subways. they really won't know anyone have any idea any idea how much it will really need until later. gerri: it is a guessing game. >> exactly. the local and state politicians think of this is free money and they don't spend it well. gerri: i saw the list that andrew cuomo requested and he wanted everything but a pony. [laughter] >> new york city is paying hundreds of dollars per night for empty hotel rooms. it's free money, as michael said. that is the kind of attitude where nobody really watches. everybody assumed someone else is going to pay later. but we all pay because the cost of living is reflected in the way governmen
into jumpstart and repairs to make a livable after superstar on sandy left a daunting toll of damage in the nation's largest city. the nyse rabbit ears program aims to get people back into their own homes not tipperary housing. federal and city officials see it as an innovative answer to this challenge of the housing dollars of storm victims. the program since contractors to restore power, he, and other essential free of charge. contractors have done the initial assessment of about 7000 homes in new york city and 2000 homes for similar initiative on long island. so far only about 400 homes had been completed. >> mitt romney has a job again he is returning to the board of directors at marriott international hotel. he has been on the board twice before but left to run for political office. army has kept a low profile since the election spending time with his family at their california home. the romney and marriott families are close. in fact mitt romney whose first name is willard was named after the hotels founder john willard marriott. >> it is a high resolution so in a high-profile
. hurricane sandy is the second costliest disaster in u.s. history. >>> they had the first hack-a-thon. they worked on ideas yesterday afternoon. the goal was to create fun and practical apps using public information available through county records. >> we have seen interesting ideas around restaurant inspections. and we have seen ideas around places like parks. parks and rec information was interesting to people. >>> the grand prize winners made an app called book it and they took home a $3,000 prize. >>> there appears to and growing backlash against the new logo for the university of california system. more than 25,000 people have signed an on line petition at change.org to review the new design which made its debut friday. some say it is undignified. the new design is not replacing the traditional logo and will be used in traditional to the university seal. >>> they won an emotional victory over western oregon as a player who almost died from cardiac arrest watched from the bench. doctors say danny berger was clinically dead for several seconds when he collapsed during an uta
to yourself. >> imagine this. going to check on your house after super storm sandy and finding your home has completely vanished. that's exactly what happened to one new jersey homeowner. but get this. it was it was not the storm that took down his house, it was the new jersey department of transportation. why did the department of transportation do it? nick joins us. good evening, nick. >> good evening. how are you, greta. >> very good. tell me what happened. >> i first learned of when the storm first hit there was an aerial shot, a helicopter on an abc affiliate out of out of philadelphia and i saw my house off the foundation and slid into my neighbor's porch and slightly forward. we weren't allowed into town until two weeks later. the town was closed down and we were allowed in town two weeks later. we went down in school buses, hundreds of people, and we were told to bring one piece of luggage to take personal belongings out and when i walked up the street i found my lot was empty, it was gone. >> the department of transportation took your house but why the department of transportation?
extreme weather are already here after sandy, after katrina, after record droughts in the midwest, why aren't we seeing more meaningful action from congress on climate change? well, i got four words for you: charles & david koch conservative brothers with combined net worth of $80,000,000,000, $80,000,000,000 have spent a fortunate to kill climate legislation. they have also funded climate change denial science, and they've waged an all-out attack on clean air laws of the. the top 25 senators who have received the most campaign cash from from, seven sitting here today on the environmental public works committees and big surprise. they are all republicans and they have all voted in favor of oil interests. john barasso, jim inhoff and lamar alexander have voted for fossil fuels 94% of the time. the koch brothers have given $60 million to groups that fund climate denial research including senator jim demint's new home the heritage foundation. right now, halfway across the world in doha qatar, world leaders are meeting for climate talks. according to a new
hurricane sandy hit. transportation was blocked. power was out for a big swath of the country. factories had to stop producing. the economy particularly in the northeast was a mess. there was no way to survey it well. that, the economists say is why their expectations are so low for tomorrow. the good news is the hurricane's affects are reversing and quickly. the number of people filing new claims for unemployment benefits rocketed in the week of the hurricane. last week fell just as rapidly. we will eventually know what happened to the labor market in november. but as my "washington post" colleague neil irwin writes, probably not until december 21st or so when the state by state jobs numbers come out, that we can filter out the states hit by the hurricane and see what's going on in states where the economy was relatively normal. done. whatever the number is -- time to spare. whatever the number is tomorrow, don't freak out, don't worry about it. at least not yet. and that much freshness is gonna take some getting used to... [ sniffing ] yep. it's amazing what a single scoop of gain freshnes
ever going to stop the tax increase. economy shrugged off hurricane sandy to create 146,000 new jobs, nearly double what forecasters had said, job creation for september and october was revised downward by a total of 49,000. another 350,000 people were so discouraged in november they simply stopped looking for work and left the labor force, which is why the unemployment rate dipped to 7.7%. >> raising taxes on small businesses is not going to help our economy and it's not going to help those seeking work. i came out the day after the election to put revenues on the table. take a step toward the president to try to resolve this. when he is going to take a step toward us? >> analysts say anxiety over the higher taxes from fiscal crisis is a reason that consumer confidence plunged in december. thompson reuters dropped to 74.5 in the consumer sentiment, lowest level since august. vice president countered that business leaders are telling him the economy will take off if there is a fiscal cliff deal. >> they have over $1 trillion out there to invest. if they think that the economy is goin
. >> hurricane sandy hit in a major population portion in the united states. with that hurricane moving through, we saw people driving a whole lot less. >> reporter: with plenty of gas going around, and not much demand, we the consumer have the upper hand. many are taking the opportunity to fill up and enjoy while it lasts. so, where can you find the cheapest gas? according to gasbuddy.com, the honor goes to missouri at nearly $3. but the good news for everyone around the country, experts predict we'll see these prices stay down at least until february. dan and bianna. >> good tips and some good news finally. john, thank you. >>> we're 23 days and counting until the nation falls off the fiscal cliff. president obama and house speaker boehner are going mano e mano in negotiations. >> let's bring in george stephanopoulos. george, i'm going to ask this question until this thing is over. >> we had another week of massive trash-talking, are we closer or further away from getting a deal? >> it's hard to know. but they're not really talking right now. that's what's most incredible. you pointed out tha
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